Forging a Path out of Conservatorship for Fannie Mae and Freddie Mac
Value Walk - October 2, 2014 - October 2, 2014
For three quarters of a century, the United States housing market thrived under a unique mortgage financing structure centered on the two government-sponsored enterprises (GSEs) Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). It is ironic that out of the! ashes of the Great Depression Fannie Mae was created and during the financial crisis of 2008-2009, both GSEs were placed into conservatorship ostensibly as an emergency measure to staunch continued losses occurring at these agencies and importantly to stabilize the housing market and general economy that was teetering on the brink of collapse.
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